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On 15 October 2021, a new action plan was announced by the Ministry of Finance to attract companies to operate and expand their activities in Cyprus.
Cyprus is one of the most attractive destinations for setting up a company. It has a favorable tax system, with corporate tax being 12,5%
The Intellectual Property (IP) Box Regime that is followed in Cyprus ranks the island as one of the top destinations for innovative technology companies to relocate and continue their businesses.
Cyprus offers a number of programs aiming to boost entrepreneurship and innovation ideas such as the ARIS program and the IDEA.
A right of redemption means that a company or its shareholders can decide to redeem the shares in exchange for cash or a fresh issue of shares
In June 2017, the Cyprus Tax Office issued detailed transfer pricing guidelines with an aim to replace the Minimum Margin Scheme regime that was applicable up to that date.
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